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Yin-Wong Cheung

Yin-Wong Cheung is Chair Professor of International Economics at the City University of Hong Kong and Professor of Economics at the University of California, Santa Cruz.

Titles by This Editor

China is now the world’s second largest economy and may soon overtake the United States as the world’s largest. Despite its adoption of some free-market principles, China considers itself a “socialist-market economy,” suggesting that the government still plays a major role in the country’s economic development. This book offers a systematic analysis of four factors in China’s rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI).